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Azeri Light crude drops over 3% in global oil markets
Energy
- 15 October, 2025
- 09:53
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The price of one barrel of Azerbaijan's Azeri Light crude oil has dropped by $2.17, or 3.27%, settling at $64.11 on the global market, Report informs, citing sources familiar with oil market data.
Meanwhile, Brent crude's December futures closed at $62.58 per barrel following the latest trading session.
At Türkiye's Ceyhan port, the FOB price for Azeri Light also fell by $2.20, or 3.4%, to $62.44 per barrel.
Azerbaijan's 2025 state budget is based on an average oil price of $70 per barrel.
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